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Central Rand Share Discussion Threads
Showing 29551 to 29573 of 29575 messages
|What a mess!..........and that's the good news!|
|It never rains but it pours....
A real damp/ wet squib.|
|think we're jynxed...not rained for yonks and we get a deluge|
|LIFE in the old dog yet!|
|- 15mts in 7 weeks.....that is encouraging...i think target is @189mts?http://crg-sa.com/wp-content/uploads/2016/06/Copy-of-TCTA-Central-Basin-Schedule-2017-003.pdf|
|defo decreasing water levels...and dry season approaching..http://crg-sa.com/wp-content/uploads/2016/06/Copy-of-TCTA-Central-Basin-Schedule-2017-003.pdf.|
|makes you wonder if it was a plan all along...bergen said they wanted 0.9p share price so switch off the pumps..i guess there is no accounting for zionist greed...at this rate we'll be mining again in 3 months...luvely jubbly!|
|The water level has fallen another 3M in the past week, now stands at 149.84 Mbs.|
|INTERESTING..SOME CHUNKY BUYS OVER AT JSE..UP 10%...volume good too
% Move 10.53%
|Banding around £10mio, £20mio, $150mio etc. in bb posts is escapist comfort as the £2.2 mio mkt cap reality is not pleasant reading. Unfortunately this company needs far more than wishful thinking to justify more than its current value, and there is nothing on the horizon to offer any tangible hope.Apart from the $7.25mio owed to Redstone, (x2.5 the current mkt cap), CRND is surviving only because of the Bergen share dump program, and the mugs who buy them.The priority of this company since its inception 10 years ago has been focused on ensuring the management's financial well-being above any other consideration, and they have used lies hype and fraud to achieve this goal.|
|at the end of the day if they offer £20m then i'd be one happy bunny...you cant go wrong at £2m market cap...the equipment must be worth £10m...and we all know that this share has a history of multi bagging.. 400% in one day was common place|
|Is there a market for gold bearing water in SA? Maybe they could try ands sell it or become a water infrastructure provider?
If there were allegedly up to 6 Chinese outfits that looked at this and all walked away for a measly $150 milllion ( with a 10 milllion oz gold deposit) what does that tell you?
If the techtonic plates shift sufficiently to block up the aquifer/ receptor , let me know, otherwise the gold might as well be at the centre of the earth.|
|wouldnt surprise me if this is the bottom...anyway i topped up today...£2m market cap for a gold producing company with so much gold in the ground seems insanely undervalued|
|i see water level has dropped 4 metres in a week...lets hope they keep it going..nearly 147 meters now
|another 500k buy....|
|1 million buyer....a punt or someone in the know?|
|Agree Highly Geared. Need another pump to make a sustained reduction in the water level. Co in survival mode meantime.|
|Prolonged death rattle here....a slow and lingering death. The gold is holed below the waterline and will never see the light of day; 3 years of fruitless pumping is ample evidence.|
|badger60, give yourself a big pat on the back.... why didn't you short CRND as you've been so confident with predicting their future???
Talk about pointing out the obvious..... "The reason they only raised 40k in the last Bergen dump is because they need to", They could have also chosen to raise £100K, £200k & £250k+ & dilute the existing shraeholders but they didn't need to, suggesting the tide may be turning?
No, they haven't secured the $4 million strategic investment, but the Chinese have loaned them $1 million at favourable interest rates. We hadn't forgotten about the Redstone loan.
Until we know how much revenue/profit is being generated by the Toll Treatment of the third-party ore, it's difficult to know where they're at. On the plus side, they are building a secondary alternative business utilizing existing assets.
p.s you can take money off, I've posted for you!
|Dusseldolf, you may well be right. Their chinese investors doesn't seem concerned with the constant Bergan equity issues, if they did they would have loaned CRND the original £4 million quoted. However, saying that CRND haven't yet totaled £4 million of cash raised since that was first proposed, plus the size of the Bergen issues has been failing, this latest one of £40k seems pointless.
Ah, so it's your fault!!! :-P The underground mine would be worth a hell of a lot more if gold was trading nearer $1500+/oz.
If the Puno share holding could be be transferred back to CRG either through the courts or another way, at least would go some way to boosting the value of CRG following all the equity issues that have diluted PI's holdings.|
|The cynic in me believes the company is using Bergen to depress the price to a level where the debt holders get a much larger piece of the pie for their conversion. Majority acquisition by the Chinese (Redstone) via the back door, facilitated by the Chinese without paying the premium previously inferred for outright sale.
Put simply, the debt facility with Bergen is a destructive tool (in which ever company its deployed, CRND is not unique, as I have seen it before) massively diluting existing holders 'without restriction' allowing Bergen to convert, sell, convert lower - rinse and repeat. Bergen are happy, and the company are clearly happy too (as it suits their agenda) as there are much less destructive facilities available. The discount terms of the bergen facility were recently revised downwards - I feel in part responsible for that RNS as I pointed out to the Nomad all previous conversions had been at a level of discount which was not permitted against the terms of the original Bergen funding facility. A couple of weeks after I contact the Nomad - suprise - an RNS comes out stating revised terms (reflecting the 'true' discount, which they had been using for all previous conversions incorrectly). I could raise a stink about the previous conversions being at the wrong level, but it's a moot point really - they've always been using the same discount.
The only benefit to investors here is to holders who accumulate (or perhaps wait until the corporate actions have completed) - for the reason that the company fully funded IMO is worth substantially more than the sum of its debt. That is the reason I'm still here and interested in more shortly.|